Allegheny Financial Group LTD Makes New Investment in Crocs, Inc. (NASDAQ:CROX)

Allegheny Financial Group LTD acquired a new stake in shares of Crocs, Inc. (NASDAQ:CROXGet Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 605 shares of the textile maker’s stock, valued at approximately $78,000.

Several other hedge funds have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC bought a new stake in shares of Crocs during the 4th quarter valued at $436,000. Fox Run Management L.L.C. bought a new stake in shares of Crocs during the 4th quarter valued at $433,000. Geneos Wealth Management Inc. raised its position in shares of Crocs by 28.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 675 shares of the textile maker’s stock valued at $86,000 after purchasing an additional 150 shares during the period. Gladius Capital Management LP bought a new stake in shares of Crocs during the 4th quarter valued at $244,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Crocs by 46.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,320 shares of the textile maker’s stock valued at $1,708,000 after purchasing an additional 4,211 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

A number of analysts have issued reports on CROX shares. Seaport Res Ptn reiterated a “neutral” rating on shares of Crocs in a report on Tuesday, January 18th. Piper Sandler lifted their price target on shares of Crocs from $215.00 to $246.00 and gave the company an “overweight” rating in a report on Wednesday, January 12th. Stifel Nicolaus reduced their price target on shares of Crocs from $130.00 to $101.00 in a report on Wednesday, February 16th. StockNews.com upgraded shares of Crocs from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Finally, B. Riley reduced their price target on shares of Crocs from $174.00 to $153.00 and set a “buy” rating on the stock in a report on Wednesday, January 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Crocs currently has an average rating of “Buy” and a consensus target price of $142.80.

CROX stock opened at $75.37 on Thursday. Crocs, Inc. has a 12 month low of $64.70 and a 12 month high of $183.88. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 54.78. The company has a 50-day moving average price of $74.73 and a 200 day moving average price of $114.86. The stock has a market cap of $4.64 billion, a PE ratio of 6.34, a P/E/G ratio of 0.47 and a beta of 1.85.

Crocs (NASDAQ:CROXGet Rating) last released its quarterly earnings results on Wednesday, February 16th. The textile maker reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. Crocs had a net margin of 31.37% and a return on equity of 201.51%. The firm had revenue of $586.63 million during the quarter, compared to analysts’ expectations of $580.71 million. During the same period in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 42.6% compared to the same quarter last year. Sell-side analysts forecast that Crocs, Inc. will post 10.15 EPS for the current year.

In related news, Director Douglas J. Treff acquired 2,962 shares of the stock in a transaction on Monday, March 14th. The stock was bought at an average cost of $67.50 per share, with a total value of $199,935.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronald Frasch acquired 3,250 shares of the stock in a transaction on Wednesday, March 16th. The stock was bought at an average cost of $77.02 per share, with a total value of $250,315.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 37,698 shares of company stock valued at $3,105,842. 2.42% of the stock is owned by corporate insiders.

Crocs Profile (Get Rating)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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